The studio has hardwood floors, columns and a raised sleeping platform.

The studio has hardwood floors, columns and a raised sleeping platform.

Photo: MLS

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The studio has hardwood floors, columns and a raised sleeping platform.

The studio has hardwood floors, columns and a raised sleeping platform.

Photo: MLS

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The studio has hardwood floors, columns and a raised sleeping platform.

The studio has hardwood floors, columns and a raised sleeping platform.

Photo: MLS

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The studio has hardwood floors, columns and a raised sleeping platform.

The studio has hardwood floors, columns and a raised sleeping platform.

Photo: MLS

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Kitchen

Kitchen

Photo: MLS

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Kitchen

Kitchen

Photo: MLS

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Raised sleeping platform, with steps

Raised sleeping platform, with steps

Photo: MLS

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Raised sleeping platform, with steps

Raised sleeping platform, with steps

Photo: MLS

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Raised sleeping platform, with steps

Raised sleeping platform, with steps

Photo: MLS

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Bathroom

Bathroom

Photo: MLS

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Shared double-lot rear yard

Shared double-lot rear yard

Photo: MLS

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Shared double-lot rear yard

Shared double-lot rear yard

Photo: MLS

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Shared double-lot rear yard

Shared double-lot rear yard

Photo: MLS

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Shared double-lot rear yard

Shared double-lot rear yard

Photo: MLS

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Shared double-lot rear yard

Shared double-lot rear yard

Photo: MLS

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TIC studio across from the Panhandle in a 1905 mansion asks $375K

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Located directly across from the Panhandle Park, 1932 Fell Street is a 1905 mansion turned 11-unit TIC development. One of the smallest of these units has recently come to market asking $375,000.

The studio’s most notable feature is a curved raised sleeping platform with a checkerboard pattern. It is two steps up from the main living space and has room for built-in bookcases, a bed, two nightstands and a sitting area in front of the picture window overlooking the park. Other little luxuries within the unit include hardwood floors, four columns, an updated kitchen with room for a small table, and a bathroom with a tub. There are also shared amenities like an impressive foyer with a grand staircase, a double-lot backyard and a laundry room. The HOA dues are $262 a month and, for a small additional fee, there is designated parking for a “small Mini Cooper type vehicle,” according to the listing notes.

The mansion turned into TICs back in 2008 and Unit 1 is only the third to return to market, with two other units reselling back in 2013. This sunny studio sold for $321,000 nearly 10 years ago. TICs don’t appreciate as quickly as condos but we’d still be surprised if the unit went for only $54,000 more than it did back then. We’re betting that budget-conscious buyers will drive up the price of this petite parkside property. The only question is, how high?

Emily Landes is a writer and editor who is obsessed with all things real estate.